/KASE, July 20, 10/ - Kazakhstan Stock Exchange (KASE) informed special trade on placement of government long-term treasury obligations of the Kazakhstan Finance Ministry (MEUKAM) was held on July 20, 2010 in the KASE trading system. The table below indicates the main parameters of the issue, terms and results of placement (Almaty time).

ISSUE PARAMETERS:

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Security type:                          MEUKAM-156
National identification number:         KZKDKY130026
Issue order number:                     2 / 156
KASE trade code:                        MUM156_0002
Nominal value, tenge:                   1,000.00
Payment date:                           July 20, 10
First circulation date:                 July 20, 10
Last circulation date:                  July 19, 23
Maturity date:                          July 20, 23
Circulation term:                       13 years (4,680 days)
Coupon payment period:                  once a year
Coupon payment schedule:                July 20 annually
Time base:                              30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m tenge:     13,000.0
Trade subject:                          coupon rate
Market order acceptance ratio, %:       70
Order submission method:                closed
Order receipt time:                     09:00-11:00
Order confirmation time:                09:00-11:30 (Т+0)
Striking time:                          before 15:00 (Т+0)
Payment time:                           before 15:00 (Т+0)
Order acceptance method:                at cut-off price (rate)
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ASK PARAMETERS:
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Trades - primary dealers:               18
Submitted orders (total / active):      44 / 42
including:
- limited:                              36 / 34
- market:                               8 / 8
Volume of active orders*, m tenge:      45,352.9
Including:
- limited:                              33,422.9
- market:                               11,930.0
Ask to bid, %:                          348.9
Coupon rate on submitted orders, % APR (total / active):
- minimum                               5.50 / 5.50
- maximum                               8.50 / 8.50
- weighted average                      7.1411 / 7.1538
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*  active orders -  orders, not annulled by trade participants
   as at the expiry of order submission, including those confirmed
   by Confirmation system participants. 
   
PLACEMENT RESULTS:
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Volume of accepted orders, bonds:       13,000,000
Volume of accepted orders, % of plan:   100.0
Coupon rate, % APR:                     6.50
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Pension market entities constituted for 27.1 %, Kazakhstan second-tier banks (STB) - 57.3 %, STB clients - <0.1 %, brokerage and dealer companies - 3.6 %, their clients - 12.0 %.

According to Central Securities Depository (Almaty) all deals on placement of MEUKAM-144 of the first issue by the end of settlement were executed. 43.6 % of placed bonds total volume was bought back by the pension market entities, 41.1 % - STB, 4.6 % - brokerage and dealer companies, 10.7 % - clients of brokerage and dealer companies.

MEUKAM sold by the Finance Ministry shall automatically be admitted to circulation on the KASE secondary market under the trade code as in the table. At that bonds must be quoted in net prices in the KASE trading system.

The text of the Rules on issue, placement, circulation, service and maturity of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more

The text of the Rules on placement of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more

[2010-07-20]